| Annual Financials | Mar 2025 | Mar 2026 |
| Revenue | 23.75 | 43.15 |
| Expenses | 20.07 | 36.24 |
| Other Income | 0.00 | 0.04 |
| Total Revenue | 23.75 | 43.19 |
| Profit Before Tax | 3.68 | 6.95 |
| Net Profit | 2.58 | 5.09 |
Vahh Chemicals
Vahh Chemicals IPO
₹2,40,000
Bidding Dates 04 Jun, 26 -08 Jun, 26
Min Investment ₹2,40,000
Lot Size2,000
Price Range ₹60 – ₹60
Issue Size ₹13.68 Cr.
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IPO Timeline
IPO Offer Start
04 Jun,26
IPO Offer Ends
08 Jun,26
Allotment Finalisation
09 Jun,26
Refund Initiation
10 Jun,26
Listing of Shares
11 Jun,26
IPO Analysis
Strengths
The company has served over 71 regional and local companies as of March 31, 2026. The company's top 5 customers contributed approximately 52.59%, 43.61% and 64.70% of revenue for Fiscal 2026, 2025 and 2024 respectively, with 4 out of top 20 customers associated for more than 3 years.
The company operates under a business model revolving around manufacturing, sourcing, and blending of high-quality textile chemicals. The company focuses on customized chemical blending and provides post-sales technical support to ensure customer satisfaction and successful product application.
The company's Promoters have over a decade of experience altogether in the textile industry and have played a key role in overseeing rapidly expanding operations. The company is supported by qualified senior management team with experience in textile industry.
Risks
The company's top 10 customers contribute 68.06%, 60.01%, and 84.43% of revenues for fiscal years 2026, 2025, and 2024 respectively. Any loss of business from one or more major customers may adversely affect revenues and profitability.
The company is dependent on few suppliers with top 10 suppliers contributing 93.71%, 63.57%, and 99.84% of purchases for fiscal 2026, 2025, and 2024 respectively. Raw material costs represent 98.45%, 94.37%, and 86.65% of revenues, exposing the company to significant price volatility risks.
The company operates only in Gujarat state, creating heightened exposure to adverse regional developments including competition, economic changes, and regulatory shifts. The company's inability to expand beyond Gujarat may adversely affect business prospects and financial condition.
Objectives
The company proposes to utilize the Net Proceeds to fund working capital requirements for Fiscal 2027. The funding will help increase profitability and achieve proposed targets as per the business plan.
The company proposes to establish a backward integration manufacturing facility to reduce dependency on third-party manufacturers and control quality, pricing, and supply of essential high-volume components.
The company proposes to utilize the Net Proceeds towards repayment/pre-payment of certain borrowings to reduce outstanding indebtedness, debt servicing costs, and maintain favorable debt to equity ratio.
The company intends to deploy the Net Proceeds for general corporate purposes including initial development costs for new products, meeting operating expenses, and strengthening business development capabilities.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2025 | Mar 2026 |
| Total Assets | 39.28 | 43.87 |
| Current Assets | 38.97 | 43.55 |
| Fixed Assets | 0.30 | 0.32 |
| Total Equity & Liabilities | 39.28 | 43.87 |
| Total Liabilities | 32.03 | 28.29 |
| Current Liabilities | 29.80 | 26.18 |
| Non Current Liabilities | 2.23 | 2.11 |
| Total Equity | 7.25 | 15.58 |
Cash Flow
| Cash Flow | Mar 2025 | Mar 2026 |
| Net Cash Flow | 1.86 | -1.84 |
| Investing Activities | -0.29 | -0.01 |
| Operating Activities | -5.68 | -3.70 |
| Financing Activities | 7.82 | 1.87 |
About Vahh Chemicals
The company is an ISO 9001:2015 certified manufacturer and trader of textile auxiliary chemicals, engaged in sourcing and blending of wide range of chemicals for the textile industry. The company operates primarily in three business segments: Trading (distribution of textile chemicals), Blending (customized chemical blends), and Nutrition (nutraceutical products through...more
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Managing DirectorHiren Indravadan Desai
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